(Source: Shutterstock.com)
Andros Capital Partners LLC has closed its second investment fund, Andros Energy Capital II LP (Fund II), at its $750 million hard cap.
Management intends to pursue an investment strategy with Fund II similar to the firm’s inaugural 2020 fund, which focused on private equity deals, credit opportunities and direct asset-level investments, according to the Jan. 5 news release.
The rapid recovery of hydrocarbon demand and ongoing global underinvestment has created a fundamental macro dislocation within the global energy markets, said Phillip A. Gayle, Jr., Andros founder and managing partner.
Fund II will primarily target middle-market transactions requiring between $100 and $500 million and maintain a completely flexible and opportunistic investment mandate, allowing the firm to invest across the capital structure in both public and private equity or debt securities.
Gibson Dunn & Crutcher LLP served as legal counsel to Andros in connection with the formation of Fund II. Andros did not engage a placement agent or any outside advisor in connection with the capital raise.
Andros Capital Partners is a private investment firm founded in Houston in 2020. With more than $1 billion in cumulative equity commitments, Andros combines flexible, long-duration capital with an opportunistic investment mandate to leverage its proven track record of building, operating and monetizing assets across the energy value chain.
Recommended Reading
Trial and Error: CCS Tries Out Multiple Approaches to Get Ball Rolling
2024-10-30 - Is carbon capture and sequestration about to turn the corner? Some obstacles may stand in the way.
California Resources’ Carbon TerraVault Sees CCS Momentum
2024-11-07 - California Resources expects to receive a Class VI permit from the U.S. Environmental Protection Agency in December, the company’s CEO says.
Despite Growth of CCS Projects, Profitability Remains Elusive
2024-12-04 - While costs are declining, CCS technologies remain expensive, with EOR and tax incentives spurring projects to capture and store CO₂.
Exxon Mobil Targets $2B More Earnings from Low Carbon Solutions
2024-12-17 - Exxon Mobil executives say the pace of growth for areas such as CCS, hydrogen and lithium vary due to uncertainty.
Regulators Greenlight CRC’s Carbon TerraVault I CCS Project
2024-10-22 - The approval by California’s Kern County Board of Supervisors clears California Resources Corp. to start construction activities for the carbon capture and storage project.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.